CLPF Residences at Seaport has acquired Watermark Seaport from Skanska and Twining Properties for $60 million. The deal represents the highest price paid per unit for a multifamily project in the city.

by Keith Loria | Multi-housing News

CLPF Residences at Seaport LLC has acquired Watermark Seaport, a 301,000-square-foot multifamily development in Boston from Skanska and Twining Properties. The deal represents the highest price paid per unit for a multifamily project in Boston. CLPF Residences is scheduled to take ownership of the development in the first quarter of 2018.

Twining Properties, joined by state treasurer Deborah Goldberg and mayor Denise Simmons, broke ground on Mass+Main, a 308,000 s/f development in Central Sq.

The $190 million Mass+Main development is a joint venture between developer Twining Properties and its capital partner Mass PRIM. Construction of the three buildings will be completed in phases from fall 2018 through mid-2020.

A joint venture is developing Mass+Main, a $190 million project that will feature 248 market-rate and 60 affordable units. The property is slated for a mid-2020 completion.

“The affordable housing and mixed-income elements of this development give families an opportunity to stay and live in Cambridge,” said Deb Goldberg, state treasurer of Massachusetts, in a prepared statement.“Prim, representing the public employees and taxpayers of Massachusetts, is proud to invest in projects like this that prioritize affordable and mixed-income housing in a way that supports our communities. This is an example of that commitment.”

Twining Properties, joined by State Treasurer Deborah Goldberg and Cambridge Mayor E. Denise Simmons, today broke ground on Mass+Main, a 308,000 square foot development in Cambridge’s Central Square. The project will create 308 mixed-income apartments and 17,000 square feet of retail overlooking Lafayette Square, on the MBTA’s Red Line and between MIT and Harvard University.

The ownership of one of the city’s newest mixed-use complexes has been sold for $39.6 million.

The property was purchased by a limited liability company, 1245 Chapel Street ... a directory of registered businesses lists 1245 Chapel Street LLC’s business address at the same location as Twining Properties, a New York City-based company.